Buch, Claudia M.; Döpke, Jörg; Stahn, Kerstin - Deutsche Bundesbank <Frankfurt, Main> / … - 2008
Moderation” can be found in firm level data as wellremains disputed. We study the evolution of firm level output volatility using … unconditional firm level and aggregatedoutput volatility in Germany are similar. There has been a long-run downward trend,which was … interrupted by the unification period. Second, the conditional, idiosyncraticfirm level volatility does not exhibit a downward …